Real estate appraisal

1、 Assessment type:

1. General assessment:

This kind of evaluation is generally a means of seeking help from the evaluation agency to resolve differences and disputes and make them consistent when there are differences or disputes between the parties to the transaction. Generally, it has no legal effect and is a reference evaluation. It reflects the general value level of a certain region, a certain time point, and a specific property.

2. Appraisal of real estate mortgage loan:

This kind of evaluation is the evaluation of the value of the house mortgaged by the buyer when seeking financial support. It must be conducted by an evaluation institution designated or appointed by the financial department. Once the evaluation is confirmed, it has legal effect, forms legal documents and is binding on both parties. This evaluation value is generally low.

3. Specific assessment:

This kind of evaluation is made by the real estate transaction management department for the transaction price of the buyer and the seller is obviously lower than the market price level. In order to be fair and reasonable, more than two evaluation methods must be used for evaluation. Once the evaluation result is determined, it has legal effect. The transaction parties must calculate and pay taxes according to the determined evaluation value.

2、 Procedures for Real Estate Appraisal

1. Clarify the basic items of evaluation

Clarify the appraisal purpose: When accepting the appraisal business, the entrusting party usually puts forward the appraisal purpose and writes it in the appraisal report.

Understand the evaluation object:

Determination of benchmark date: usually expressed by year, month and day

Signing the evaluation contract: it includes the evaluation object, evaluation purpose, evaluation time, evaluation fees, responsibilities of both parties, evaluation report, etc.

2. Develop work plan

3. Field survey and data collection: Field survey is an important step of real estate appraisal, and records should be made.

4. Measuring and calculating the price of the appraised real estate: in order to obtain a fair and reasonable price, one appraisal method is generally used as the main method, while another or several appraisal methods are used as the auxiliary for mutual comparison, inspection and correction.

5. Comprehensive analysis to determine the evaluation results

6. Write evaluation report

3、 Hu Method of Real Estate Appraisal

1. Cost method

2. Market law

3. Income approach

4. Benchmark land price method

5. Hypothetical development method